The global Train Loaders market to grow at a CAGR of 5.80% during the period 2017-2021.

Global Train Loaders Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

The latest trend gaining momentum in the market is growing automation in loading system. Transportation cost is significant for mining, petroleum, and coal companies. The average transportation cost of coal and other materials has increased by 50% during the last decade. The transportation cost includes loading cost. Loading system will witness increased automation to reduce the overall transportation cost. Train loader vendors are offering significant methods to not only enhance the efficiency of the supply chain but also protect the environment, production plants, and personnel.

According to the report, one of the major drivers for this market is rising demand from the power and energy generation industries. The exponential growth in industrialization and urbanization in developing countries such as China and India are driving the demand for power and energy generation.

Further, the rep! ort states that one of the major factors hindering the growth of this market is high entry barriers. The entry barriers for the train loaders market are high. The key reason for a strong entry barrier in the market is its captive-intense nature. This will restrict the entry of new players into the market. Thus, the market for train loaders is more concentrated with a few number of players. This concentrated market is expected to grow in two ways, wherein all players in the market monopolize, which, in turn, reduces the bargaining power of buyers and suppliers.